Wow, look at that. Bitcoin. Who would have thought it.
If you haven’t bought bitcoin yet, there’s a lot of liquidity that hasn’t been swept from Novembers run up.
The market maker left a lot of money behind to get that move.
There’s a premium price and a discount price and currently it’s at a premium.
Not financial advice just no need to fomo.
Also if you are thinking of “trading” bitcoin here’s a free lesson.
Download Tradingview, it’s free. On indicators search and select “swing failure pattern” also search “MTF levels”
LuxAlgo is a good one the PSec one has alerts so you can create an alert and it will just email you or make a sound when an SFP happens so you can go enjoy your day.
How to use
go to the 5minute or 10min chart. You can watch on the 2 minute to anticipate a swing failure pattern but wait for confirmation on the 5 or 10 so you don’t get a fake out. Never use 1 minute charts for BTC as a new trader.
When the red “SFP” appears above the candle and aligns with a level of resistance shown via the MTF levels indicator, make the trade. It is a bearish SFP at resistance (red and at top) or bullish SFP at green at bottom support.
Never short the bottom of a range or long the top!!!
Take profits on any sign of retrace until you understand market structure (YouTube)
In tradingview you can paper trade for free to practice! Search long position or short position how to YouTube.
Never work a day job again. And paper trading is actually fun. Learn a skill and stop playing Monopoly Go.
If anyone is interested in more information (free) happy to answer trading questions. I’ve been trading for years now and that’s all I do now.
As an old friend here used to say, see you on the corner of Victory Lane and Winners Circle.
God bless you.
